MIRA INFORM REPORT

Report Date :

05.05.2011

IDENTIFICATION DETAILS

Name :	THE BOEING COMPANY
Registered Office :	2711 Centerville Road Suite 400 Wilmington New Castle De 19808
Country :	United States
Financials (as on) :	31.12.2010
Date of Incorporation :	19.07.1934
Com. Reg. No.:	0334807
Legal Form :	Corporation for Profit
Line of Business :	Design, development, manufacture, sale, and support of jetliners

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 2.000.000
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
United States	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

GEOPOLITICS - UNITED STATES
POLITICAL DATA	ECONOMIC DATA
Form of Government: Federal Economic Risk: Nil	Currency: USD Branch Situation: Stable

IDENTIFICATION
Legal Name:	THE BOEING COMPANY
Legal Address	2711 CENTERVILLE ROAD SUITE 400 WILMINGTON NEW CASTLE DE 19808 (reg. Agent address)
Operative Address	100 North Riverside Plaza Chicago, IL 60606-1596 United States
Telephone:	+1 312-544-2000	Registration Number :	0334807
Fax:	+1 312-544-2082	Legal Form:	Corporation for Profit
Email:	info@boeing.com	Registered in:	Delaware
Website:	http://www.boeing.com	Date Created:	1916
Manager:	W. James McNerney Jr., CEO	Date Incorporated:	July 19th 1934
Staff:	160,500	Stock:	731,190,389
		Value:	par value $5
Activity:	design, development, manufacture, sale, and support of jetliners

BANKS
Name of the Bank	JPMorgan Chase Bank
Name of the Bank	Citibank, N.A

BUSINESS
HISTORY
	The company was established in the year 1916
PRINCIPAL ACTIVITY
	The company engages in the design, development, manufacture, sale, and support of jetliners.
Products/Services description:
	The company operates through five segments: Commercial Airplanes, Boeing Military Aircraft (BMA), Network & Space Systems (N&SS), Global Services & Support (GS&S), and Boeing Capital Corporation (BCC). The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft, as well as provides related support services to the commercial airline industry. It also offers aviation services support, aircraft modifications, spares, training, maintenance documents, and technical advice to commercial and government customers. The BMA segment engages in the research, development, production, and modification of manned and unmanned military weapons systems for the global strike, mobility and surveillance, and engagement markets, as well as provides related services. The N&SS segment involves in the research, development, production, and modification of products and services to assist its customers in transforming their operations through network integration, information, intelligence and surveillance systems, communications, architectures, and space exploration. The GS&S segment offers logistics support functions for military platforms and operations. The BCC segment facilitates, arranges, structures, and provides financing solutions for its commercial airplanes customers. Its financing portfolio consists of equipment under operating leases, finance leases, notes and other receivables, assets held for sale or re-lease, and investments.
Sales are:
	Wholesale
Clients:
	Commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide.
Operations area:
	National, Local
The company imports from Europe and Asia
The company export to Worldwide
PAYMENTS
	made on a 55 days basis - monitored over the last 12 months
LOCATION
Headquarters
	The company is headquartered at 100 North Riverside Plaza Chicago, IL 60606-1596 United States
The property is:
	Owned
Comments on location:
	The company is incorporated in Delaware for tax purposes. However, it is headquartered in Illinois.
Branches:
	There are various sites for this company.

Shareholders - Manager - Related Companies
Listed at the stock exchange:
	YES
Capital:
	Breakdown % of Shares Held by All Insider and 5% Owners: 0% % of Shares Held by Institutional & Mutual Fund Owners: 71% % of Float Held by Institutional & Mutual Fund Owners: 71% Number of Institutions Holding Shares: 902
Shareholders Parent Company(ies):
	Top Institutional Holders Capital World Investors STATE STREET CORPORATION VANGUARD GROUP, INC. (THE) BlackRock Institutional Trust Company, N.A. FMR LLC NEUBERGER BERMAN GROUP, LLC NORTHERN TRUST CORPORATION PRICE (T.ROWE) ASSOCIATES INC Bank of New York Mellon Corporation JANUS CAPITAL MANAGEMENT, LLC Top Mutual Fund Holders WASHINGTON MUTUAL INVESTORS FUND GROWTH FUND OF AMERICA INC AMERICAN BALANCED FUND VANGUARD TOTAL STOCK MARKET INDEX FUND VANGUARD 500 INDEX FUND VANGUARD INSTITUTIONAL INDEX FUND-INSTITUTIONAL INDEX FD SPDR S&P 500 ETF Trust SPDR Dow Jones Industrial Average ETF COLLEGE RETIREMENT EQUITIES FUND-STOCK ACCOUNT FUNDAMENTAL INVESTORS INC
Management:
	W. James McNerney Jr CEO James A. Bell CFO John J. Tracy Chief Technology Officer, Sr. VP of Operations, Engineering & Technology and Member of Exec. Council J. Michael Luttig Exec. VP, Gen. Counsel and Member of Exec. Council James F. Albaugh Exec. VP, Member of Exec. Council, Chief Exec. Officer of Commercial Airplanes and Pres of Commercial Airplanes
Related Companies:
	757UA, Inc. ACN 106 604 871 Pty Ltd AeroSpace Technologies of Australia Limited Aileron Inc. Akash, Inc. Alteon Training International Spain, S.L. Alteon Training Mexico, S.A. de C.V. Alteon Training Services, Inc. Argon ST, Inc. Astro Limited Astro-II, Inc. Atara Holding Company Atara Services Norway AS Autonomous Underwater Ventures, LLC Aviall (Canada) Ltd. Aviall Airstocks Limited Aviall Asia Limited Amongst others…

Financials - COMMERCIAL TRENDS AND FORECAST

The subject is a public company traded at the stock exchange at NYSE under ticker symbol "BA". Please find enclosed the financial statements.

Legal Fillings

There are various UCC** files listed with the Secretary of State of Delaware.

There are various claims, lawsuits, and pending actions against the Company and its subsidiaries incident to the operations of its businesses. It is the opinion of management, after consultation with counsel, that the ultimate resolution of such claims, lawsuits and pending actions will not have a material adverse effect on the Company's consolidated financial position, results of operations or liquidity.

The last annual report was filed on 2/9/2011.

THE COMPANY IS NOT LISTED ON THE OFAC LIST.*

For information:

* The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business.

** The Uniform Commercial Code (UCC) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America.

The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property).

It allows a creditor to notify other creditors about a debtor’s assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.

The Uniform Commercial Code Bureau files and maintains on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.

Rating
Local credit bureau gave a Correct credit rate. The company is in Good Standing. This means that all local and federal taxes were paid on due date.
Final Opinion
	This company has been in business for 95 years, it has a staff of 160,500 employees which makes it a large sized company. There were no significant legal filings found against the company or its legal representatives. The company shows signs increase in profits for the year 2010 after having a downfall in the year 2009. Earnings have stayed positive, and the margin of profits for the year 2010 has been larger. A credit line may be considered for USD 2.000.000

SUMMARY
FINANCIAL SUMMARY		DEBT COLLECTIONS AND PAYMENTS
Profitability	CORRECT	Public Records	NO
Indebtedness	CONTROLLED	Payments	REGULAR
Cash	NORMAL

Income Statement

View: Annual Data

All numbers in thousands

Period Ending		Dec 31, 2010	Dec 31, 2009	Dec 31, 2008
Total Revenue		64,306,000	68,281,000	60,909,000
Cost of Revenue		51,843,000	56,540,000	50,352,000
Gross Profit		12,463,000	11,741,000	10,557,000
	Operating Expenses
	Research Development	4,121,000	6,506,000	3,768,000
	Selling General and Administrative	3,644,000	3,364,000	3,084,000
	Non Recurring	-	-	(4,000)
	Others	-	-	(241,000)
	Total Operating Expenses	-	-	6,607,000
Operating Income or Loss		4,971,000	2,096,000	3,950,000
	Income from Continuing Operations
	Total Other Income/Expenses Net	58,000	(50,000)	247,000
	Earnings Before Interest And Taxes	4,667,000	1,906,000	4,197,000
	Interest Expense	160,000	175,000	202,000
	Income Before Tax	4,507,000	1,731,000	3,995,000
	Income Tax Expense	1,196,000	396,000	1,341,000
	Minority Interest	-	-	-
	Net Income From Continuing Ops	3,311,000	1,335,000	2,654,000
	Non-recurring Events
	Discontinued Operations	(4,000)	(23,000)	18,000
	Extraordinary Items	-	-	-
	Effect Of Accounting Changes	-	-	-
	Other Items	-	-	-
Net Income		3,307,000	1,312,000	2,672,000
Preferred Stock And Other Adjustments		-	-	-
Net Income Applicable To Common Shares		3,307,000	1,312,000	2,672,000

Balance Sheet

View: Annual Data

All numbers in thousands

Period Ending		Dec 31, 2010	Dec 31, 2009	Dec 31, 2008
Assets
Current Assets
	Cash And Cash Equivalents	5,359,000	9,215,000	3,268,000
	Short Term Investments	5,158,000	2,008,000	436,000
	Net Receivables	5,738,000	7,119,000	6,648,000
	Inventory	24,317,000	16,933,000	15,612,000
	Other Current Assets	-	-	-
Total Current Assets		40,572,000	35,275,000	25,964,000
Long Term Investments		5,506,000	6,496,000	7,185,000
Property Plant and Equipment		8,931,000	8,784,000	8,762,000
Goodwill		4,937,000	4,319,000	3,647,000
Intangible Assets		2,979,000	2,877,000	2,685,000
Accumulated Amortization		-	-	-
Other Assets		1,609,000	1,240,000	1,422,000
Deferred Long Term Asset Charges		4,031,000	3,062,000	4,114,000
Total Assets		68,565,000	62,053,000	53,779,000
Liabilities
Current Liabilities
	Accounts Payable	34,447,000	32,176,000	23,128,000
	Short/Current Long Term Debt	948,000	707,000	560,000
	Other Current Liabilities	-	-	7,237,000
Total Current Liabilities		35,395,000	32,883,000	30,925,000
Long Term Debt		11,473,000	12,217,000	6,952,000
Other Liabilities		18,835,000	14,728,000	17,196,000
Deferred Long Term Liability Charges		-	-	-
Minority Interest		96,000	97,000	-
Negative Goodwill		-	-	-
Total Liabilities		65,799,000	59,925,000	55,073,000
Stockholders' Equity
Misc Stocks Options Warrants		-	-	-
Redeemable Preferred Stock		-	-	-
Preferred Stock		-	-	-
Common Stock		5,061,000	5,061,000	5,061,000
Retained Earnings		24,784,000	22,746,000	22,675,000
Treasury Stock		(17,187,000)	(15,911,000)	(17,758,000)
Capital Surplus		3,866,000	3,724,000	3,456,000
Other Stockholder Equity		(13,758,000)	(13,492,000)	(14,728,000)
Total Stockholder Equity		2,766,000	2,128,000	(1,294,000)
Net Tangible Assets		(5,150,000)	(5,068,000)	(7,626,000)

Income Statement

View: Quarterly Data

All numbers in thousands

Period Ending		Mar 31, 2011	Dec 31, 2010	Sep 30, 2010	Jun 30, 2010
Total Revenue		14,910,000	16,550,000	16,967,000	15,573,000
Cost of Revenue		12,049,000	13,413,000	13,746,000	12,540,000
Gross Profit		2,861,000	3,137,000	3,221,000	3,033,000
	Operating Expenses
	Research Development	1,057,000	1,134,000	986,000	1,001,000
	Selling General and Administrative	804,000	1,173,000	740,000	837,000
	Non Recurring	-	-	-	-
	Others	-	-	-	-
	Total Operating Expenses	-	-	-	-
Operating Income or Loss		1,000,000	1,103,000	1,387,000	1,307,000
	Income from Continuing Operations
	Total Other Income/Expenses Net	13,000	38,000	(8,000)	34,000
	Earnings Before Interest And Taxes	1,013,000	779,000	1,546,000	1,170,000
	Interest Expense	130,000	(224,000)	302,000	(40,000)
	Income Before Tax	883,000	1,003,000	1,244,000	1,210,000
	Income Tax Expense	295,000	(163,000)	407,000	421,000
	Minority Interest	-	-	-	-
	Net Income From Continuing Ops	588,000	1,166,000	837,000	789,000
	Non-recurring Events
	Discontinued Operations	(2,000)	(2,000)	-	(2,000)
	Extraordinary Items	-	-	-	-
	Effect Of Accounting Changes	-	-	-	-
	Other Items	-	-	-	-
Net Income		586,000	1,164,000	837,000	787,000
Preferred Stock And Other Adjustments		-	-	-	-
Net Income Applicable To Common Shares		586,000	1,164,000	837,000	787,000

Balance Sheet

View: Quarterly Data

All numbers in thousands

Period Ending		Mar 31, 2011	Dec 31, 2010	Sep 30, 2010	Jun 30, 2010
Assets
Current Assets
	Cash And Cash Equivalents	5,670,000	5,359,000	2,864,000	4,468,000
	Short Term Investments	2,102,000	5,158,000	7,102,000	5,558,000
	Net Receivables	6,325,000	5,738,000	7,511,000	7,933,000
	Inventory	26,912,000	24,317,000	21,692,000	20,368,000
	Other Current Assets	-	-	285,000	-
Total Current Assets		41,009,000	40,572,000	39,454,000	38,327,000
Long Term Investments		5,411,000	5,506,000	5,723,000	6,092,000
Property Plant and Equipment		8,973,000	8,931,000	8,671,000	8,584,000
Goodwill		4,944,000	4,937,000	4,871,000	4,302,000
Intangible Assets		2,933,000	2,979,000	3,027,000	2,821,000
Accumulated Amortization		-	-	-	-
Other Assets		1,628,000	1,609,000	1,253,000	1,250,000
Deferred Long Term Asset Charges		3,862,000	4,031,000	2,223,000	2,379,000
Total Assets		68,760,000	68,565,000	65,222,000	63,755,000
Liabilities
Current Liabilities
	Accounts Payable	34,291,000	34,447,000	21,441,000	32,581,000
	Short/Current Long Term Debt	966,000	948,000	953,000	1,507,000
	Other Current Liabilities	-	-	11,844,000	-
Total Current Liabilities		35,257,000	35,395,000	34,238,000	34,088,000
Long Term Debt		10,723,000	11,473,000	11,466,000	11,439,000
Other Liabilities		18,773,000	18,835,000	14,966,000	15,055,000
Deferred Long Term Liability Charges		-	-	-	-
Minority Interest		95,000	96,000	98,000	96,000
Negative Goodwill		-	-	-	-
Total Liabilities		64,848,000	65,799,000	60,768,000	60,678,000
Stockholders' Equity
Misc Stocks Options Warrants		-	-	-	-
Redeemable Preferred Stock		-	-	-	-
Preferred Stock		-	-	-	-
Common Stock		5,061,000	5,061,000	5,061,000	5,061,000
Retained Earnings		25,370,000	24,784,000	24,244,000	23,409,000
Treasury Stock		(17,021,000)	(17,187,000)	(17,302,000)	(15,582,000)
Capital Surplus		3,903,000	3,866,000	3,826,000	3,832,000
Other Stockholder Equity		(13,401,000)	(13,758,000)	(11,375,000)	(13,643,000)
Total Stockholder Equity		3,912,000	2,766,000	4,454,000	3,077,000
Net Tangible Assets		(3,965,000)	(5,150,000)	(3,444,000)	(4,046,000)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.59
UK Pound	1	Rs.73.42
Euro	1	Rs.66.04

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.